Grupo Rotoplas Reports Third Quarter and Nine Month 2015 Results
-- Strong revenue performance from all countries ex Brazil.
-- 470 basis point EBITDA margin expansion compared to 3Q14.
-- During 3Q15 net income increased 57.6%.
-- 11.8% increase in cash position, quarter on quarter.
MEXICO CITY, Oct. 20, 2015 /PRNewswire/ -- Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA) ("Rotoplas" or "the Company" or "the Group"), Latin America's leading provider of individual and integrated water solutions, today announced its unaudited financial results for the third quarter ended September 30, 2015. The information within has been prepared based on International Financial Reporting Standards (IFRS) and in nominal values.
Carlos Rojas Mota Velasco, Chief Executive Officer, commented, "We are pleased with our progress this quarter. Despite expected weak sales in Brazil due to continued economic and political challenges, we again experienced strong demand for our integrated solutions in Mexico and solid performance in the other countries in which we operate. The strategy we established in the first half of the year has proved that Rotoplas' management is prepared to address a challenging environment, focused on profitability and on our commitment to maintain shareholder value."
To access the full text of this earnings release, please visit the Grupo Rotoplas Investor Relations website at: http://www.rotoplas.com/investors.html
Conference Call
Grupo Rotoplas will host a conference call on Wednesday, October 21 at 10:00 am CT/11:00 am ET, to present the Company's financial results for the third quarter of 2015.
Carlos Rojas Mota Velasco, Chairman of the Board and Chief Executive Officer, and Mario Romero Orozco, Chief Financial Officer, will review third quarter results followed by a question and answer session.
To participate in the conference call, please dial:
- Mexico: 001 800 514 1067
- U.S.: 1 888 389 5988
- Other countries: 1 719 325 2472
Conference number: 9532169
The call can also be accessed through Grupo Rotoplas' investor relations website: http://www.rotoplas.com/investors.html
Forward Looking Statements
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V., it relies on considerations of the Grupo Rotoplas management which are based on current and known information; however, the forward-looking statements could vary due to facts, circumstances and events beyond the control of Grupo Rotoplas S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is Latin America's leading provider of individual and integrated water solutions for storing, carrying, and treating water. With more than 35 years' experience in the industry and 21 plants throughout the Americas, Rotoplas has a presence in 12 countries and a portfolio that includes 17 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
SOURCE Grupo Rotoplas S.A.B. de C.V.
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